View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
September 10, 2009

India’s Oxymed Seeks to Raise Funds for Expansion Project

India's Oxymed Hospitals is looking to sell a 20–25% stake to raise funds to build an expansion to cater for its growing foreign patient base, India's The Economic Times reports. The 120-bed non-surgical speciality hospital hopes to raise Rs30 crore to build a 200-bed faci

By cms admin

India’s Oxymed Hospitals is looking to sell a 20–25% stake to raise funds to build an expansion to cater for its growing foreign patient base, India’s The Economic Times reports.

The 120-bed non-surgical speciality hospital hopes to raise Rs30 crore to build a 200-bed facility and is in discussions with investors in the Gulf to secure investment, the news agency reports.

Oxymed is looking at developing a five-acre property near the airport in the state of Chennai to serve its foreign patient base that has increased to 50% from 10% in recent years.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. Get important industry news and analysis sent to your inbox
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Hospital Management